Litecoin (LTC) has retreated a bit after hitting a swing high of $123 as the crypto market has taken a breather after its most recent jump.
The token is still on the low end of top-performing assets this year with gains of 12.7% since 2025 started, compared to 29% booked by Bitcoin (BTC) and a much more attractive 76% delivered by BNB Coin (BNB).
Pending applications to list a Litecoin exchange-traded fund (ETF) in the United States continue to be the most relevant catalyst that could push this token to higher ground this year.
According to data from The Block, three asset management companies have submitted the paperwork to get their ETFs approved by the U.S. Securities and Exchange Commission (SEC).
CoinShares and Canary Capital sent new applications while Grayscale is waiting for the SEC’s nod to convert its existing Litecoin Trust to an ETF.
The top two ETF analysts from Bloomberg agreed a few hours ago that Canary may be ready to launch its LTC-linked vehicle next week as it amended its application to include its management fee (95bps) and ticker symbol (LTCC).
Eric Balchunas Official X Account – Source: X.com
This is typically the last step that firms take before launching their vehicles. Hence, we could get the market’s very first spot Litecoin ETF by next week or so.
The question would be, is there enough retail and institutional demand to make these ETFs as successful as REX-Osprey’s SSK?
A similar vehicle linked to XRP and launched by this same firm has only attracted $90 million since its launch, underscoring that not all ETFs are equally popular in the regulated markets.
Other altcoin-linked vehicles like the REX-Osprey Solana + Staking ETF (SSK) have managed to attract hundreds of millions in a relatively short period, although none have approached the amount in assets that both BTC and ETH-linked vehicles have brought in.
Meanwhile, as we cited in a previous article, Litecoin’s hashrate has been on an uptrend for quite a while, emphasizing miners’ interest in the network’s much lower difficulty rate compared to Bitcoin.
Paired with favorable market conditions, analysts’ expected 25bps cut this month, and growing institutional adoption, the stage looks set for the next explosive move for LTC.
Here’s what needs to happen to set things in motion and how such a move could be confirmed from a technical standpoint.
LTC/USD Daily Chart (Coinbase) – Source: TradingView
Litecoin broke above its trend line resistance earlier this month as it first hit $123 per token. However, selling pressure capped the magnitude of this movement and could push LTC down to retest what seems to be a key level at $105.
This price zone shows confluence between a horizontal and trend line support, along with the token’s 200-day exponential moving average (EMA).
This increases its technical relevance, meaning that whatever happens after the price touches this level could confirm which trajectory the token will head to next.
A break below $105, which seems unlikely at this point, could result in a drop to $75 or so. However, with an ETF listing at the gate, investors will be more inclined to buy the dip.
In this case, the token could start its next leg up with a first target set at $130, followed by much more pronounced moves to $150 and then $200.
The Relative Strength Index (RSI) sent a buy signal recently upon crossing above the 14-day moving average. As long as this momentum indicator stays above the mid-line, it would favor a bullish Litecoin price prediction.
Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.